New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,900,000
Warehouses
5809 238th SE St, Woodinville, WA 98072-8633
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1642434
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
WOOD FRAME
Total area
27,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
SG
APN
27053400300500
UPID
US90-1642434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Seamless Studios Barber Shop
-
FITNESSBYAD - PERSONAL TRAINING IN WOODINVILLE Gym & Fitness Center
-
Sundowner Products Inc General Contractor Renovation Specialist
-
Bridge the Gap Physical Therapy Physician
-
Walker Weightlifting Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$8.90M
Owner & transaction history
Woodinville Park Investors LLC · 3 yrs held
Woodinville Park Investors LLC
since 2022
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
SG · Woodinville, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.0M
+77.3%
Auto repair, garage
$11.7M
+48.4%
Apartment house (5+ units)
$11.2M
+41.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Woodinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodinville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,740,000
ML approach
$9,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,895,000
Current use
RESTAURANT
$13,995,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,715,000
Change: +48% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,165,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$10,540,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$9,630,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,185,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$7,860,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$8.90M
Range $8.01M – $9.79M · ±10% · vs last sale $8.81M (Dec 16 2022)
Last sale anchor
$8.81M
Dec 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$330 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,587
Tax year 2023
Assessed value
$3,882,000
Assessed 2023
Previous assessed
$3,235,000
+20.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,937,400
Assessed improvement
$1,944,600
Land market value
$1,937,400
Improvement market value
$1,944,600
Total market value
$3,882,000
Applied tax rate
4,138.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
YES
Cooling
NONE
Stories
1
Total area
27,000 SF
Lot
1.56 ac (67,954 SF)
Zoning code
SG
APN
27053400300500
UPID
US90-1642434
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SG · Woodinville, WA
Zoning SG · permitted uses
SG · Woodinville, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodinville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.9M
RESTAURANT
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$7.9M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Woodinville Park Investors LLC
Entity
Mailing address
1200 WESTLAKE AVE N STE #310, SEATTLE, WA 98109-3528
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$8,810,000
Woodinville Park Investors LLC
Commercial Trade Center LLC
Warranty Deed
$6,012,500 · Boeing Employees Cu
Aug 17, 2021
—
Vencom Incorporated & Com Trade Ctr
—
Deed
related
$5,213,000 · Nubridge Commercial Lending LLC
Sep 13, 2019
—
Vencom Incorporated
—
Deed
related
$400,000 · Coastal Community Bank
Dec 27, 2018
—
Vencom INC
—
Deed
related
$350,000 · Savibank
Oct 5, 2016
—
Vencom Incorporated
—
Deed
related
$1,412,373 · Coastal Community Bank
—
—
Vencom INC
—
Deed Of Trust
related
$350,000 · Savibank
—
—
Vencom INC
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Vencom INC
—
Deed Of Trust
related
$1,050,000 · Washington Mutual Fsb
—
—
Vencom INC
—
Deed Of Trust
related
$1,578,750 · Umpqua Bank
—
—
Vencom INC
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Vencom INC
—
Deed Of Trust
related
$918,200 · Sterling Savings Association
—
—
Vencom INC
—
Deed Of Trust
related
$1,280,000 · Banner Bank
—
—
Vencom INC
—
Deed Of Trust
related
$1,578,750 · Umpqua Bank
—
—
Vencom INC
—
Deed Of Trust
related
$100,000 · Coastal Community Bank
—
—
Vencom INC
—
Deed Of Trust
related
$50,000 · Banner Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5809 238th SE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
